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My wife is looking to lease her next car and I was intrigued by Mazda's $199/month lease deal on the new 6. However, she's accustomed to driving top line trim levels. So having said that, could you please tell me what the MF and residual is on a 2010 Mazda 6 S Grand Touring would be for a 36 month term and 15k miles per year? I don't think I could convince her to drive a 4 cylinder with cloth seats. Nice, huh?
It's down to this or a 2010 Volkswagen CC 2.0t with dsg tranny. Whichever we can get the better deal on.
Thanks!
Car_man
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Car_man
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I've been following your great work over the years and now I need your help. I went to make a lease deal and I believe they quoted me just below sticker. Can you please quote residual value and money factor for both models based on 36 and 42 month lease assuming sticker price of $29,140 for the V6 and $26,685 on the V4. 15k miles per year.
Basically, the scenario is that I wish to negotiate the sticker price to somewhere around what I would pay if purchasing. I believe somewhere between $27-28k for the V6 and somewhere between $25,250-25,900 for the V4 are good prices according to what I can find online.
On the V6, assuming a price of $27,750 + dealer doc fee and motor vehicle fee of $720 for a total of $28,470 and putting $1k down, what would you consider a good monthly lease for 36 and 42 month @ 15k annually.
On the V4, assuming a price of $25,750 + fees of $720 for a total of $26,470 and $1k down, what would you consider a good monthly lease rate for 36 and 42 month @15k annually.
Also, am I better waiting until T-giving weekend or the end of the month, or even the latter half of December? My current lease expires Jan 6 and I am considering staying with Accord or trying Altima/Mazda6.
Thanks so much!
Its 36-month, 12,000 mile per year residual values are as follows, 56% for the Mazda6i Sport, 55% for the i SV, 56% for the i Touring, 55% for the i Touring Plus, 52% for the s Grand Touring, and 53% for the s Touring Plus.
Car_man
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I see that you are considering doing a 42-month lease. I really wouldn't lease this car for too much longer than its basic warranty coverage of 3 years, 36,000 miles if I was in your situation. It would be beyond annoying to have to pay to fix some sort of issue out of your own pocket before returning your car. Here are the 36 and 39 month numbers.
Mazda's current buy rate lease money factor and residual value for a 36 month lease of a 2010 Mazda6 Grand Touring with 15,000 miles per year are .00092 and 50%, respectively. The numbers for an otherwise identical 39 month lease of this car are .00105 and 48%.
Let's work up some payments for you and see what we come up with.
According to my calculations, if you were to lease a 2010 Mazda6 Grand Touring that has an MSRP of $29,140 and a capitalized cost of $28,470 for 36 months with 15,000 miles per year, its zero down, pre-tax monthly payment would be around $426. The payment for an otherwise identical 39-month lease would be $416.
If you were to lease a 2010 Mazda6 Grand Touring that has an MSRP of $26,685 and a capitalized cost of $26,470, the 36-month, 15k payment would be around $402. The 39-month payment for this car would be around $392.
I see that you are considering making a $1,000 down payment on your lease. There's nothing wrong with paying a little money at signing to cover things like your first month's payment, security deposit, even the acquisition fee if you really want...but it's not a good idea to make a capitalized cost reduction when leasing. Consumers who make large cap cost reductions on leased vehicles risk losing part or all of them if their vehicle is totaled in an accident or stolen and never recovered.
Mazda's current lease program is scheduled to run through the end of the month. It is difficult to say what its December program will be like at this point. If I had a lease that was scheduled to end in January, I personally would wait until December to lease for two reasons:
1) I would avoid wasting a payment by either turning in my current car early or paying for two vehicles at the same time for a month
and
2) I would not be surprised in the least if Mazda enhanced its incentives in December to make a big push to make its annual sales total look as respectable as possible.
Of course, it is difficult to predict what automakers will do with their future programs with 100% accuracy, but that's what I would do if I was in your situation. Good luck and make sure to let us know how everything turns out.
Car_man
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I'm interested to hear if you think Mazda's latest lease offer on the 6i sport is a compelling deal or not. Zero due at signing and $269 a month for 42 months. Does the 42 month term ruin this deal because of it taking it outside of warranty coverage?
Thanks in advance.
Car_man
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I am shopping for a 2010 Mazda6 i Grand Touring, I am fortunate to have the Mazda "S Plan" discount and have received a quote on a 10k mile/yr 42 month lease of $358.91 which include MI state tax. The cap cost was $24,116.09.
I stumbled across this article and it has given me some doubts. :confuse:
I don't know what Top-level dealer engagement or stair-step programs are and they seem to be shrouded in secrecy according the the article. Is this a non issue or something that may be significant?
Do you think that the quoted price could be better?
Thanks!!
Anyway, today I was negotiating the price to lease a 2010 Mazda6 iTouring for 48 months down from $298. First I spoke with the salesman and he apparently neded to bring in the pivotman who he introduced to me as the finance manager. Then, I told the finance manager I wanted tinted windows and leather seats and I keep beating him back on the price. We agree on $235/mo. for 48 months WITH my trade-in being valued at $2,900. At first they appraised it at $2,000 but I felt that was low and he said they could swing $2,900 for it. This is all on paper at this time.
I ask for 5 minutes to place a phone call before signing my name and getting the paperwork going. While I'm outside, the original salesman comes out and tells me it's a no-go. "No dealership on planet earth is going to be able to work that deal for you" he said. I asked if he'd spoken with the finance manager I was previously dealing with and he said "yes, we spoke to the GSM and there's no way we can do it".
First question: what's a GSM? Second question: What if I had signed my name instead of stepping out to place a phone call? Would they not have been able to honor those figures we settled on? Why was the finance manager giving me numbers that apparently exceeded the dealership's boundaries? I mean, he can't just sit there and go lower and lower on price without some understanding of how that will affect the sale, right? Did he plug those figures into the computer and learn that they would take a beating on the deal or something?
Was sending me on my way and claiming they weren't able to swing the deal just a negotiation/sales tactic? Was that their way of pressuring me to return and making me bite on their earlier offers or do you think he was being honest when he said they just couldn't make it happen?
I just found it odd that the supervisor/finance manager was dealing back and forth with me on numbers and apparently only needed my signature to finalized the deal but then sends the salesguy out to tell me what was once possible no longer is.
Thoughts? Do you think it's impossible to lease a 2010 Mazda6 iTouring for $235/mo using my Vibe as a trade-in? I'll still be pushing for that leather and those tinted windows!
:confuse:
Car_man
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Car_man
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Thank you.
inrook05
Car_man
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It almost seems too good to be true but they're talking about $15000 for a $20000 car.
I was going to get the Sport package but now I'm going to upgrade to the Touring to get a few more extras.
Pretty amazing deal in my book.
You have opened my world. So glad I stumbled across this site before leasing a car! Can't tell ya how much I appreciate your help.
I am wondering if you can share what the residual value and money factor are for March, for the Mazda6, all trim levels, 12K & 15K. And would waiting until April make any difference at all, in your opinion?
Thanks so much!
Mazda's current lease money factor for a lease of any 2010 Mazda6 in March is .00110.
Its 36 month, 15,000 mile per year residual values for this car are as follows:
2010 Mazda6 Sport Sedan with auto trans: 57%
2010 Mazda6 Sport Sedan with manual trans: 56%
2010 Mazda6 SV Sedan: 56%
2010 Mazda6 Touring Sedan with auto trans: 56%
2010 Mazda6 Touring Sedan with manual trans: 56%
2010 Mazda6i Touring Plus Sedan: 55%
2010 Mazda6 Grand Touring Sedan: 52%
2010 Mazda6s Touring Plus AT Sedan: 53%
Mazda's current programs are scheduled to run through March 31st. It's difficult to say what its April programs will be like at this point. I suspect that they will be fairly similar to the current program, but again it's tough to say.
Car_man
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I was just quoted for a Leased 2010 Mazda 6 iSport w/automatic trans for $239 a month w/12,000 miles per year with only 1st month and DMV fees due at signing..Do you think this is a good deal? Thanks for any help
Let me know and I'll tell you what I think.
Car_man
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2010 Mazda 6 iSport w/automatic trans
MSRP $21,170.00
Lease price $18079.00
42 month lease/42K miles
$206/month
Does this sound reasonable?
2010 Mazda 6 iSport w/automatic trans
MSRP $21,170.00
Lease price $18079.00
42 month lease/42K miles
$206/month
Is that with or without S-Plan and loyalty bonus?
I got a quote of same thing for the same car, $0 down, sign and drive, no disposition fee at lease end, but with S-Plan plus loyalty cash, but over 36 months with 10,000 miles per year.
If that's without S-Plan and bonus cash, I probably am getting shafted on my S-Plan quote.
Can you name the dealer?
Thanks.
$199/Month Lease for 36 Months
$0 Down Payment, $0 Security Deposit, $0 First Month's Payment= $0 Due at Lease Signing. Tax, license, title, fees, options and insurance extra. Monthly payments include $595 acquisition fee.
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MSRP $21,320. Lease payment based on capitalized cost of $18,565 after $2,000 Mazda Customer Lease Support. Total payments of $6,954. No security deposit required. Dealer participation required. Tax, license, title, fees, options and insurance extra. Monthly payments include $595 acquisition fee. Not all lessees will qualify for lowest payment through participating lender. Some payments higher, some lower based on residency and other factors. Lessee responsible for excess wear and mileage over 30,000 at $0.15/mile. Purchase option at lease end for $12,579 plus applicable tax. Take new retail delivery from dealer stock by 6/1/10. Residency restrictions apply. See participating dealer for qualifications. Excludes One Pay lease option
APPEARS to be without loyalty bonus
which is this
Current Mazda Owners can get Owner Loyalty Cash toward the purchase or lease of a new Mazda:
$500 Owner Loyalty Cash toward 2010 MAZDA3, MAZDA6, CX-7 or CX-9
This offer is for a limited time, so see your Mazda dealer today
Mazda Owner Loyalty Cash Program $500 is good toward a new 2010 MAZDA3, 2010 MAZDA6, 2010 CX-7 or 2010 CX-9. Excludes MAZDASPEED3. The Mazda Owner Loyalty Cash Program CANNOT be combined with other private offers but CAN be combined with other public purchase incentives including but not limited to customer cash back, lease and APR incentives/offers. The offer is transferable within household, must live at the same address. Present dealer with proof of ownership (copy of vehicle registration or title) at time of purchase. Offer expires 06/01/2010.
So, based on the info you posted, the lease should run $199 - $14 ($500 / 36 months + $13.88), or $187 per month, if one has loyalty cash.
2010 MAZDA6 i Sport Automatic
36 month lease
15,000 miles per year
1st payment waived, but I paid about $250 for fees and registration.
$222 per month (tax included) x 35 months
Is this OK deal? Good Deal? Great Deal?
thanks
Do you have June residuals and MF for 36m, 15K leases on Mazda 6 iSport and iTouring?
Thanks!
mike
36/12K
0 Down, S plan
$217+6% MI tax ($228 per month)
Looks like a fair deal based on the previous posts.
Thanks in advance!
The numbers for the Touring model are exactly the same.
Car_man
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Car_man
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trying to negotiate 36 months lease. any help would be appreciated
Thanks
Car_man
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I am looking to lease a Mazda 6 2011 iSport for 36 months 15000 miles
the best price I can get so far is
$0 down payment (include tax and 1st month payment and registration fees)
$245/m tax included
any of you know a better dealer price in Detroit or Washtenaw area ????
Thanks
AS
The money factors for leases of the 2011 Touring and Grand Touring are the same, but their residual values are 59% and 55%, respectively.
Mazda's acquisition fee is $595.
Car_man
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the best price I can get so far is
$0 down payment (include tax and 1st month payment and registration fees)
$245/m tax included
from my reading .. I think I can get a better price
what do you thing ... is it a fair price ????
do you know a good dealer in Detroit or Washtenaw area ????
Thanks
You can find these numbers over in the New Vehicle Pricing section of Edmunds.com.
Car_man
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the last price I can get so far is $20345 with %60 Residual
The fair price on edmonds website for this car (market price) is $19850.
I was looking on other posts and I found that people are getting the same price for the Touring not for the i sport
Thanks for helping again
Car_man
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If you don't mind, could you please provide me the current money factor and residuals for a 36 mo lease on both a 2010 Mazda6 i Grand Touring and s Grand Touring with tech pkg for 10K and 12K mi/yr?
Is there any specific length of lease that looks more attractive for the Mazda6 when looking at money factor and residual value?
Thanks!